Common use of Rights of Bank Clause in Contracts

Rights of Bank. Except as set forth in Section 9.1, the Bank is the owner of all information relating to the Cardholders (including names and addresses) and the Credit Cards, the copyright to all written material contained in any credit card agreements, applications, billing statements and other forms used by the Bank in the administration of its agreements with the Cardholders, all credit scoring systems and all policies of credit insurance issued to the Bank with respect to any Cardholder; PROVIDED that the Bank shall not be entitled to sell, rent or otherwise disclose any information relating to the Cardholders to any third party other than (i) Affiliates of the Company, (ii) Persons who, in the sole judgment of The Limited, do not compete, directly or indirectly, with any retail or catalogue business conducted by The Limited or any of its Affiliates and (iii) in the case of disclosure, credit agencies. Subject to Section 9.3, the Company will not have any rights in any information or property of the Bank; PROVIDED that the Bank will provide the Company with such information the Bank owns with respect to Cardholders as the Company may reasonably request in order to develop potential marketing or credit strategies.

Appears in 7 contracts

Samples: Processing Agreement (Alliance Data Systems Corp), Credit Card Processing Agreement (Alliance Data Systems Corp), Credit Card Processing Agreement (Alliance Data Systems Corp)

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Rights of Bank. Except as set forth in Section 9.1, the Bank is -------------- the owner of all information relating to the Cardholders (including names and addresses) and the Credit Cards, the copyright to all written material contained in any credit card agreements, applications, billing statements and other forms used by the Bank in the administration of its agreements with the Cardholders, all credit scoring systems and all policies of credit insurance issued to the Bank with respect to any Cardholder; PROVIDED provided that the Bank shall not be -------- entitled to sell, rent or otherwise disclose any information relating to the Cardholders to any third party other than (i) Affiliates of the Company, (ii) Persons who, in the sole judgment of The Limited, do not compete, directly or indirectly, with any retail or catalogue business conducted by The Limited or any of its Affiliates and (iii) in the case of disclosure, credit agencies. Subject to Section 9.3, the Company will not have any rights in any information or property of the Bank; PROVIDED provided that the Bank will provide the Company with -------- such information the Bank owns with respect to Cardholders as the Company may reasonably request in order to develop potential marketing or credit strategies.

Appears in 1 contract

Samples: Credit Card Processing Agreement (Charming Shoppes Inc)

Rights of Bank. Except as set forth in Section 9.1, the Bank is the owner of all information relating to the Cardholders (including names and addresses) and the Credit Cards, the copyright to all written material contained in any credit card agreements, applications, billing statements and other forms used used-by the Bank in the administration of its agreements with the Cardholders, all credit scoring systems and all policies of credit insurance issued to the Bank with respect to any Cardholder; PROVIDED that the Bank shall not be entitled to sell, rent or otherwise disclose any information relating to the Cardholders to any third party other than (i) Affiliates of the Company, (ii) Persons who, in the sole judgment of The Limited, do not compete, directly or indirectly, with any retail or catalogue business conducted by The Limited or any of its Affiliates and (iii) in the case of disclosure, credit agencies. Subject to Section 9.3, the Company will not have any rights in any information or property of the Bank; PROVIDED that the Bank will provide the Company with such information the Bank owns with respect to Cardholders as the Company may reasonably request in order to develop potential marketing or credit strategies.

Appears in 1 contract

Samples: Credit Card Processing Agreement (Alliance Data Systems Corp)

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Rights of Bank. Except as set forth in Section 9.1, the Bank is the owner of all information relating to the Cardholders (including names and addresses) and the Credit Cards, the copyright to all written material contained in any credit card agreements, applications, billing statements and other forms used by the Bank in the administration of its agreements with the Cardholders, all credit scoring systems and all policies of credit insurance issued to the Bank with respect to any Cardholder; PROVIDED that the Bank shall not be entitled to sell, rent or otherwise disclose any information relating to the Cardholders to any third party other than (i) Affiliates of the Company, (ii) Persons who, in the sole judgment judgement of The Limited, do not compete, directly or indirectly, with any retail or catalogue business conducted by The Limited or any of its Affiliates and (iii) in the case of disclosure, credit agencies. Subject to Section 9.3, the Company will not have any rights in any information or property of the Bank; PROVIDED that the Bank will provide the Company with such information the Bank owns with respect to Cardholders as the Company may reasonably request in order to develop potential marketing or credit strategies.

Appears in 1 contract

Samples: Credit Card Processing Agreement (Alliance Data Systems Corp)

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